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About author: Christoph Bergmann

Christoph Bergmann is a historian and science writer. When he discovered Bitcoin, he immediately became enthusiastic - and still is, several years later. In Germany, he writes for the famous bitcoinblog.de.

TSMC, the world’s biggest chip foundry, produces now more wafers for Bitmain than for Nvidia. At the same time, cryptocurrency mining boosts the price for graphic cards, which has become annoying for gamers. Now producers start to intervene. Mining of bitcoin and other cryptocurrencies has become a madness and maybe the biggest global consumer of computational power. Recently, TSMC, the…

IOTA is one of the fastest growing cryptocurrencies with an enthusiastic community of fans. However, it is also one of the most severely criticized cryptocoins. Here we investigate what makes IOTA so controversial – and what value can be found in its approach to scale cryptocurrency. Disputes and Criticism: IOTA Defending Itself For a crypto writer, IOTA is currently one…

First Meltdown and Spectre, then a bug in the popular Bitcoin wallet Electrum; if you don’t take care for your software, you are in danger of losing coins. We explain, what the newly discovered bugs mean for a crypto user and some minimal measures with which you can protect yourself. Meltdown and Spectre Maybe you already heard of the exploit…

As a means of payment in everyday online shopping, bitcoin has become a disaster, after it failed to scale with demand. As a digital gold or a new asset class, however, Bitcoin performs excellently. Maybe we can close the case, as to what Bitcoin really is. If you tried to pay something worth less than $100 with bitcoin in the…

With bitcoin reaching the unseen territory of prices beyond $15,000, it becomes more likely that the cryptocurrency will indeed have effects on the global financial system. Institutions, banks, and economists are partially aware of this risk. Maybe there is a specter, to paraphrase Marx, haunting the financial institutions, and maybe it’s bitcoin and the fear that the cryptocurrency will destabilize…

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It might be one of the biggest cases of extortion for bitcoin; a criminal has sent a parcel with a nail bomb to a place close to Potsdam Christmas market. To not do it again, he demands €10 million ($11.79 million) in bitcoin form parcel service DHL. Does bitcoin make blackmailing great again? It is not the first time people…

In the past few days, Ethereum broke another record; it traded more than one million Kitties – and reached a new transaction peak of 700,000 a day. Ethereum is knocking on capacity limits, and scaling solutions are desperately needed. Last week the world’s first successful non-monetary blockchain application was born. It is about buying, breeding, and trading kitties. CryptoKitties is…

The different developer teams of Bitcoin Cash met in London. The two most important, ABC and Unlimited, presented their roadmap for the mid-term future. In the roadmap, you find exciting, but sometimes daring goals. Seven teams of developers came together in London, to talk about the future of Bitcoin Cash; Bitcoin ABC, Bitcrust, Bitprim, Bitcoin Unlimited, ElectrumX, nChain, and Parity….

Recently the European Monitoring Center for Drugs and Drug Abuse (EMCDDA) published an extensive report about the darknet markets and their use in the drug trade. The report marks the EU as a center of the darknet drug trade – but considers its share out of all drug trafficking that takes place as insignificant. Nevertheless, the agency sees a chance…

The past few months saw the development of some new, exciting privacy technologies for both Bitcoin and Ethereum; Confidential Transactions, Reusable Payment Codes, zk-SNARKs and Ring Signatures. This revives the hope that cryptocurrency will give humanity financial privacy. In case you didn’t know, privacy and cryptocurrencies are in most cases a tragedy. If you look at Bitcoin and Ethereum, nothing…

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